Dear Readers,

On Tuesday, the Dow Jones Industrial Average retreated from its recent peak, marking a pause as the market digested a new round of corporate earnings reports. This downturn follows a period of significant gains, with the S&P 500 firmly establishing itself in a bull market and surpassing its highest intraday and closing levels from January of the previous year.

As of 11:55 AM ET, the Dow was down -183.5195 points, or -0.4829%, at $37818.29. The Nasdaq Composite added 6.5254 points, or 0.0377%, at $17336.906. The S&P 500 declined -1.2402 points, or -0.0256%, at $4849.19. Among the 11 major S&P 500 sectors, 8 showed negative movement, with Real Estate leading the way with a -1.0% decrease.

Market participants are bracing for the release of pivotal economic indicators later this week. Anticipation is building for the initial estimate of the fourth-quarter gross domestic product, set for release on Thursday. Following this, Friday will bring the Commerce Department's release of the personal consumption expenditures price index for December, a key measure of inflation closely monitored by market analysts.

Top Movers: Under $10

Outlook Therapeutics Inc (OTLK) is up 26.74% today to trade at the current level of $0.43. This comes after the company announced that it has received written agreement from the FDA under an SPA for the NORSE EIGHT clinical trial protocol evaluating ONS-5010 in neovascular age-related macular degeneration (AMD) subjects.

FaZe Holdings Inc (FAZE) zoomed 110.03% in today’s trade to $0.32 after announcing a new multi-million dollar esports sponsorship deal.

In current trading, Nuvve Holding Corp (NVVE) stock is at $4.46 after securing a $16 million project from the Fresno Economic Opportunities Commission for the enhancement of their 50-shuttle fleet.

Ensysce Biosciences Inc (ENSC) rose 35.95% in the early hours of today's trading to move at $1.55. The company announced receipt of notice from the U.S Food and Drug Administration (FDA) that it has granted Breakthrough Therapy Designation (BTD) for PF614-MPAR.

In the current trading session, Sensus Healthcare Inc (SRTS) jumped 30.64% to $3.47 over a previous close of $2.66 after announcing preliminary unaudited financial results for the three and 12 months ended December 31, 2023.

Ex-Dividends Stocks

Kaiser Aluminum Corp (KALU) is about to trade ex-dividend tomorrow, meaning that investors who buy the stock after tomorrow will not be eligible for the next dividend payment. The company's next dividend payment will be $0.77 per share. It has fixed January 25 as the record date for the same and will pay the actual dividend on February 15. Last year, the company distributed a total of $3.17 to its shareholders. Based on the last year's worth of payments, KALU has a trailing yield of 4.81% on the current stock price of $66.02.

Another stock that is shelling out dividends tomorrow is Greenbrier Cos., Inc. (GBX), having a market capitalization of $1.44B. It will pay a dividend of $0.3 per share, the payment date of which is February 15. Currently, the stock is trading at a trailing dividend yield of 2.65%.

Shares of Marsh & McLennan Cos., Inc. (MMC) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.71 per share, and in the last 12 months, it paid a total of $2.58 per share. Last year's total dividend payments show that MMC has a trailing yield of 1.30% on the current share price of $199.26.

Spirit Airlines Inc (SAVE) is also set to go ex-dividend tomorrow. The next dividend payment from SAVE will amount to $0.1 per share. January 25 has been designated as the record date for this dividend, with the actual payout scheduled for January 31.

VSE Corp. (VSEC) will be paying out a dividend of $0.1 per share to shareholders holding their shares as of the close of the business hours on the record date of January 25. Over the past 12 months, VSEC has paid out a total of $0.40 per share in dividends. Based on the total dividends paid out last year, VSEC boasts an impressive trailing yield of 0.68% on the current share price of $58.97.

Crypto Market Highlights

Most Shorted Stocks

Lucid Group Inc (LCID) was one of the most shorted stocks as of latest short interest figures, with 26.75% short interest. The days to cover ratio, a measure of how long it would take for all the short positions to be covered based on average trading volume, is 7.1. This represents a change of -4670000 shares, which corresponds to a -1.96% decrease in short interest. The total value of the shares held short is estimated to be around $696.9 million. The average daily volume stands at 35.31M shares, and the market capitalization of the company is $6.82B.

The Lovesac Company with the symbol LOVE currently has a short interest of 26.61%. The short interest has changed by -170000 shares. The days to cover ratio stands at 9.4. The estimated value of the shares held short is approximately $85.98 million. On an average day, 378.32K shares are traded, with the company's market capitalization totaling $371.06M.

For the stock Cutera Inc (CUTR), the current short interest is at 25.68%. This represents a significant short interest change of -150000 shares, corresponding to a short interest percentage decrease of -2.85%. The days needed to cover the short positions amount to 3.0. The approximate worth of the shares held short is $14.18 million.

With the symbol ORIC, the stock currently has a short interest of 27.92%. The short interest change is 30000 shares, compared with a short interest percentage change of +0.35%. It would take approximately 20.9 days to cover all the short positions. The shares short value is estimated to be around $53.61 million. The company boasts an average daily volume of 443.99K shares, contributing to a market capitalization of $570.87M.

The stock MAXN has a current short interest of 27.33%. The short interest percentage has experienced increase of +11.66% while there was a change of 890000 shares in short interest. The ratio indicating the time required to cover short positions is 3.5. The calculated worth of the shorted shares amounts to around $43.67 million. Trading activity averages at 2.51M shares per day, while the company's market capitalization stands at $264.96M.

EV Stocks to Watch

According to our ST Score evaluation, Alphabet Inc (GOOG) emerges as a high-quality stock in the EV industry, attaining an impressive score of 59.0. The stock's profitability, performance, stock sentiment, and Piotroski Score are strong. However, its value are weak. Additionally, it is neutral in terms of growth, financial strength, and forecast.

Our ST Score also classifies Teck Resources Ltd (TECK) as a high-quality EV stock today, presenting a Score of 52.0. The stock has strong fundamentals in terms of profitability, performance, and stock sentiment. However, it has weak financial strength. The value, growth, Piotroski Score, and forecast are neutral.

Another stock in the category, Hyliion Holdings Corporation (HYLN) has the ST Score of 51.0, which means that the stock carries the potential for higher returns. The stock is strong in performance, growth, financial strength, and stock sentiment but weak in profitability, and Piotroski Score. Value, and forecast suggest a neutral outlook.

Texas Instruments Inc. (TXN) stock has the ST Score of 50.0 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its profitability, and stock sentiment, but its weaknesses are in its value, and growth. However, it shows neutral outlook in performance, financial strength, Piotroski Score, and forecast.

Electrameccanica Vehicles Corp (SOLO) currently has the ST Score of 48.0, which signifies a huge upward potential. The EV stock's strong points are its financial strength, while its weak points are its performance, and forecast. The stock's value, profitability, growth, stock sentiment, and Piotroski Score indicate a neutral outlook.